My husband and I are approaching an exchange on a flat in Marsden and my mum and dad have transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not arrived from me my solicitor needs to disclose this to my lender. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The conveyancer is legally required to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
My lawyer in Marsden is not listed on the Godiva Mortgages Ltd Approved Panel. Can I still retain my prefered solicitor even though they are not on the Godiva Mortgages Ltd panel?
Your options are as follows:
- Carry on with your preferred Marsden solicitors but Godiva Mortgages Ltd will need to instruct a conveyancer on their list of acceptable firms. This will result in additional total conveyancing charges as well as cause delays.
- Choose a new practitioner to to deal with the purchase, remembering to check they are Godiva Mortgages Ltd approved.
- Persuade your Godiva Mortgages Ltd based solicitor to seek to join the Godiva Mortgages Ltd panel
I have been told that property searches are the number one cause of obstruction in Marsden house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Marsden.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one near me in Marsden I like with amenity areas and station nearby, however it only has 61 remaining years left on the lease. I can't really find anything else in Marsden suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan the shortness of the lease will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
I am looking to sell my property. My former lawyers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Marsden if that affects matters.
Please use our search tool to help you find a solicitor for your conveyancing in Marsden. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I am 17 days into a freehold purchase having been recommend to solicitors by the selling agent to perform conveyancing in Marsden. We are not happy. Can you you assist me in finding new lawyers?
A solicitor would need to be really bad in order to consider replacing them. Has your mortgage offer been issued? In the event that it has you need to make them aware of the new contact details and get the offer are re-issued. The solicitor ideally should be on the lenders approved list to avoid supplemental charges and complications. That should be your starting point. Our find a solicitor tool will help you find a lender approved conveyancer for your conveyancing in Marsden